London-based real assets investor Alpha Real Capital LLP said today it has acquired an onshore portfolio of wind turbines with a combined capacity of roughly 37 MWp in England and Scotland.
The acquisition is worth more than GBP 90 million (USD 110m/EUR 101.6m), Alpha Real Capital said on Tuesday.
Specifically, the real assets firm has taken possession of 10 onshore wind turbines totalling 27.5 MWp, located in Fife, County Durham and Bedfordshire. The machines were bought by an unnamed fund manager. Another portfolio with 14 turbines in Cumbria with a combined capacity of 9.2 MWp as well as a 0.5-MW turbine in Leicestershire were also added to Alpha Real Capita’s fleet as part of the deal. The single turbine site was acquired from private owners.
The wind turbines will collectively generate 88 GWh of electricity per year and will offset 25,000 tonnes of carbon dioxide (CO2) emissions.
"Demand from investors for renewable assets is increasing dramatically and Alpha is well positioned to facilitate such investment requirements for our growing institutional client base," said Boris Mikhailov, head of Client Solutions at Alpha Real Capital.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.